Compounding interest is calculated based on your initial deposit and additional deposits. Calculations are based on deposits being made in advance at the beginning of the year.

If accounts use differing interest rates (interest rate tiers) for the first, second, third and fourth year (and subsequent years), these are accounted for when calculating interest and compound interest.

Interest rate limits: Where interest rates differ based on the amount of savings held in an account, these are accounted for in the comparison. Some account providers use a range of interest rates for different amounts of savings.

Interest rates can vary based on the currency used for an account (CHF, USD, EUR). Differences in interest rates are accounted for in the comparison.

Where interest rates vary based on the age of the account holder, these variations are taken into account.

Final amounts and savings potential are rounded to the second decimal.

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